NTPC Green Energy inks MoU with Assago Industries for Green Urea Plant utilities
NTPC Green Energy Limited (NGEL) signed an MoU with Assago Industries Private Limited on February 2, 2026. The agreement facilitates the supply of Green Ammonia, CO2, and RE Power for Assago's proposed 1000 TPD Green Urea plant. The plant is planned for the NGEL Green Hydrogen Hub in Pudimadaka, Andhra Pradesh.
The agreement is for a green urea plant, which is a significant development in renewable energy and green chemicals. However, it is an MoU, and the actual impact will depend on the successful establishment and operation of the plant.
The MoU signifies a strategic partnership and a step towards developing green urea production, indicating positive business development for NTPC Green Energy.
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Assago Industries Private Limited. The agreement, signed on 2nd February 2026 at NTPC Bhawan, New Delhi, is for the supply of Green Ammonia, Carbon Dioxide, Renewable Energy Power, and other related utilities.
These supplies are intended for Assago Industries' production of 1000 Tonnes Per Day (TPD) of Green Urea. The proposed Urea plant is planned to be established within the NGEL Green Hydrogen Hub located at Pudimadaka, near Visakhapatnam, Andhra Pradesh.
The MoU was executed in the presence of senior officials from NGEL, NTPC, and Assago Industries.
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NTPC Green Energy Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by NTPC Green Energy Limited. Read the original for the full detail.